USDJPY Waiting on the Weekly Close

Weekly resistance at all-time high—price action strong but I need a close above to get bullish.

Tom Fielding·Jun 23, 2026·1 min read

USDJPY Weekly

Price is testing the all-time high resistance on the weekly timeframe. The intraday action is strong, but that doesn't mean much until the week ends. I've been burned by false breakouts before.

A weekly candle close above that level would be a legitimate buy signal. Until then, I'm staying on the sidelines. The momentum is there, but so is the skepticism.

Comments5

Priya NairJun 23, 2026
📈 Smart to wait for the weekly close—price action can be deceptive intraweek. A confirmed break above that ATH resistance would signal real momentum, not just a false breakout. Patience here often pays.
Sofia ReyesJun 23, 2026
So you're waiting for a clean break above that all-time high before jumping in? 🤔 Makes sense—the weekly close could either confirm the breakout or trap the bulls once again.
Hiro TanakaJun 23, 2026
Close above 151.95 weekly is the trigger. Noted momentum, but volume's thinning above 151.50—false break risk is real until settlement.
Lena BrandtJun 23, 2026
Respect the discipline. A weekly close above resistance confirms conviction; anything less is noise. Reward potential is clear, but the risk of a false breakout below prior highs keeps me on the sidelines until settlement.
Marcus VegaJun 23, 2026
Close above 152 is the only signal that matters. Below it, this is still a rejection at the weekly resistance zone. I’m short until that candle prints. 🚀